This too cool:
As a side note so posting will be really light for a few days. Things will return to normal around these parts in a few days.
Industrial production declined in April by the most in eight months, indicating American manufacturers will provide little support for an economy beset by weaker global markets and federal budget cuts.
The larger-than-forecast 0.5 percent decrease in output at factories, mines and utilities followed a revised 0.3 percent gain that was weaker than first reported, Federal Reserve figures showed today in Washington. An increase in homebuilder optimism indicated housing remains the economy’s bright spot.
A European recession that extended to a record sixth quarter and slower growth in China are curbing sales for U.S. companies such as Deere & Co. A second straight decrease in factory production combined with limited inflation show Fed policy makers have room to maintain record monetary stimulus as they try to bolster the expansion.
“The economy is just not picking up steam,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, who projected a 0.4 percent drop in industrial production. “The weakness in the rest of the world doesn’t help. The Fed will keep trying to prime the pump.”
Uh, the Fed has been trying to “prime the pump” for what, five years now? You would think the brainiacs would look at Japan and see the results of never ending ‘stimulus’ brings.
Eighteen years of ‘priming the pump’ will get you a smaller economy.
Sure, Obama fired a bureaucrat at the IRS. Sure, Obama says the IRS targeting political enemies is “outrageous” and insists new safeguards to prevent a recurrence should be implemented blahh… blahh…
The entire IRS outrage reminds me of what Steve Forbes pushed during his presidential run in the mid 90′s (an idea I liked back in the day)… The Flat Tax.
Via PBS circa 1996:
America needs to take a new road, one toward an expansion future that is bigger and better than our past. That’s why I’m proposing today, and will be talking about throughout my campaign, a liberation movement to take power away from Washington and put it in the hands of the people. A “Boston Tea Party,” if you will, that puts an end to the taxing and spending party in Washington, DC. I mean to free the mighty American economy from political repression.
The first element is dramatic pro-growth tax cuts.
I’m not talking “revenue neutral” fiddling with the tax code, the usual game in Washington that pretends to cut some taxes while raising others. And I’m not talking about fiddling around the “margins” cutting taxes that only help the well-to-do.
I am talking about across-the-board tax cuts that are deep and wide and permanent, that reach down to all Americans and get the suffocating weight of the IRS off their backs.
Start by scrapping the tax code. Don’t fiddle with it. Junk it. Throw it out. Bury it. Replace it with a pro-growth, pro-family tax cut that lowers tax rates to 17% across the board and expands exemptions for individuals and children so that a family of four would pay no taxes on the first $36,000 of income.
Not one cent to the IRS on the first $36,000. Anything over that would be taxed at a flat, fair 17%.
The flat tax would be simple. You could fill it out on a postcard. It would be honest. It would eliminate the principal source of political corruption in Washington. It would be fair. Millions of people would be off the federal income tax rolls.
There would be no tax on Social Security. No tax on pensions. No tax on personal savings. It would zero out capital gains taxes. It would set off a boom by letting people keep more of what they earn and by lowering barriers to risk taking.
………
But the politicians say “we” can’t afford a tax cut. Maybe we can’t afford the politicians.
Flat tax would eliminate the principal source of political corruption in Washington. Something to think about.
We have gay “marriage”, government run health care and a raft of green energy scams but no jobs:
The U.S. still employs more than 2.5 million fewer people than when the recession began. At 180,000 jobs a month, it will take until the middle of 2014 to close that gap. Adjust for population growth, and it will take nine more years to return to the prerecession level of employment at the current rate of growth, according to the Brookings Institution.
As they say a picture* is worth a thousand words:
*Note: The above chart does account for the population growth that extends the “break even” point an additional nine years.
Can you remember remember my name
As I flow through your life
A thousand oceans I have flown
And cold spirits of ice
All my life
I am the echo of your pastI am returning the echo of a point in time
Distant faces shine
A thousand warriors I have known
And laughing as the spirits appear
All your life
Shadows of another day
That didn’t take too long…
Enough of my complaining; even though I’ve been released from #TwitterGulag it seems my Twitter account is still a bit squirrely. I tried to follow a few people but it looks like my account still can’t follow anyone and I’m sitting at zero following / zero followers.
I guess it will take a while before everything is up and running properly. Anyhow, thanks for all the support with my Twitter skirmish.
Yo @twitter @support what gives? @stevemct @civilcandor @reenit are still suspended. They are not spammers! #FreeMyFriendsPls #tcot PLS RT
— Mind-Numbed Robot (@mnrobot) May 13, 2013
@stevemct @civilcandor @reenit @rushetteny @scdorn We don’t forgive. We don’t forget. Expect us. Disrespect=Disconnect
— R700{chai} (@NicolasIRL) May 13, 2013
@twitter @support Why the growing list of suspensions? #Free theseTweeps! @stevemct @civilcandor @reenit @rushetteny @scdorn #TGDN PLS RT
— Mind-Numbed Robot (@mnrobot) May 13, 2013
Hello #TCOT.Please #Follow the terrific @stevemct.He’s a great conservative patriot.#OCRA #VRWC #TeaParty #TGDN #LNYHBT #GOP PLZ RT.
— KingShamus-(D) (@KingShamus) May 13, 2013
Thanks all! Let’s not remain Perfect Strangers.
Such a cool 80′s rock tune….
MCT is ahead of the curve… Again.
What has happened to the people who remain? The Census Bureau estimates there are 563,055 people age 16 or older in the city who could potentially work and be part of the labor force. But only 54.3 percent of these — or 305,479 individuals — actually do participate in the labor force, meaning they either have a job or are looking for one.
Another 257,576 of Detroit residents age 16 or older — 45.7 percent of that demographic — do not participate in the labor force. They do not have a job, and they are not looking for one.In fact, these 257,576 people in Detroit who do not have a job and are not looking for one outnumber the 224,846 residents who do have jobs. But of the 224,846 residents who do have jobs, 34,500 — or 15.3 percent — have jobs with the government. Thus, this city that boasted 1,849,568 residents in 1950 has only 190,346 private-sector workers today.
It’s great to see people catching on to what has been pointed out here many times before. Government workers do not add value to the overall economy or create economic growth. It is simply taking tax money from one group of people and handing it to another to nominally perform some kind of job.
Furthermore, as pointed out above, Detroit has a lot of government jobs.
Welcome to a glorious spring weekend of accusation and obfuscation as Hillaryland goes up against Foxworld.
The toxic theatrics, including Karl Rove’s first attack ad against Hillary, cloud a simple truth: The administration’s behavior before and during the attack in Benghazi, in which four Americans died, was unworthy of the greatest power on earth.
What about after the attack? Funny, throughout her ENTIRE column not one mention of “The YouTube Video.”
Obama was talking about it nine days later. Here’s Obama on September 20th, 2012 – still going on about a YouTube video and protests that didn’t happen.
We all know the YouTube video had nothing to do with the terrorist attack. Why then, did Obama and his crew keep talking about it; less than a month before the 2012 election?
“We can secure other people’s approval, if we do right and try hard; but our own is worth a hundred of it, and no way has been found out of securing that”
Still no word from the Twitter overlords regarding why I’ve been suspended or how to make amends.
On a side note, I’ve traded e-mails with Robot. He informed me that Twitter never contacted him regarding his suspension, just that they reinstated his account. The ‘Bot has truly carried the banner for my cause.
#Help! @stevemct is STILL suspended for no good reason! Please release him from #twitmo @twitter @support #FreeStevemctPLS RT #tcot
— Mind-Numbed Robot (@mnrobot) May 12, 2013
Another good friend on the internet, The King, has put out a good word for me as well.
Hi ya doin’, @twitter. FYI–@stevemct is a thinking man’s gearhead with a penchant for awesome cars and patriotic politics, not a spammer.
— KingShamus-(D) (@KingShamus) May 12, 2013
Very nice. Thanks guys!
To be continued….